China Huijin applies for $50 bln gov’t injection -paper

From Reuters: China Central Huijin Investment Ltd., the domestic arm of China’s sovereign wealth fund, has applied for a $50 billion cash injection from the Chinese government, the National Business Daily said on Wednesday.
China Investment Corp (CIC), parent of Huijin, has submitted an application for cash aid to the State Council, the country’s cabinet, the semi-official paper said, citing an unnamed CIC source……………………………..Full Article: Source